June, 2017

• 27 June

  Glencore’s long hunt for Rio Tinto’s coal mines slips away

  Bloomberg Glencore Plc’s years-long pursuit for a bigger Australian coal business was delivered another setback after Rio Tinto Group passed on the company’s offer for a second time. Now the mining giant run by a former coal trader is running out of time to come back with a better offer or lose out on a deal the company has chased ...

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• 27 June

  Google fined $2.7bn as EU threatens search monopoly

  

  Bloomberg Google lost its biggest regulatory battle yet, getting a record 2.4 billion-euro ($2.7 billion) fine from European Union enforcers who say the search-engine giant skewed results to thwart smaller shopping search services. Alphabet Inc.’s Google has 90 days to “stop its illegal conduct” and give equal treatment to rival price-comparison services, according to a binding order from the European ...

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• 27 June

  Biggest coal plant in US West may get another 2 years to live

  

  Bloomberg The Navajo generating station, the biggest coal-fired power plant in the US West, may live to see another two years. On Monday, Navajo Nation leaders agreed to a deal with the plant’s utility owners that, as originally proposed, could keep the ailing, 2,250-megawatt complex online through December 2019. It would buy the tribe more time to try to attract ...

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• 27 June

  Waymo, Apple deals a benefit for rental-car firms

  

  Bloomberg Old-school rental-car agencies may have a road map to prosper in the age of self-driving taxis after all. Avis Budget Group Inc. agreed to manage a fleet of 600 self-driving Chrysler minivans for Alphabet Inc.’s Waymo autonomous technology division. In addition, Hertz Global Holdings Inc. will lease Lexus sport-utility vehicles to Apple Inc., which will convert them to self-driving ...

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• 27 June

  Sprint in talks with Charter, Comcast on wireless deal

  

  Bloomberg Comcast Corp. and Charter Communications Inc., the two largest US cable companies, met with executives at Sprint Corp. in the past month to discuss reselling wireless services or an acquisition, people familiar with the matter said. The more likely scenario is the cable giants strike a deal that lets them resell services on Sprint’s wireless network, the people said, ...

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• 27 June

  Stada’s $5.9bn sale fails as investors spurn takeover bid

  

  Bloomberg Stada Arzneimittel AG’s months-long sale process unraveled as a small group of the German drugmaker’s investors held out for a better deal than the 5.3 billion-euro ($5.9 billion) offered by two private equity firms. Only 65.5 percent of the shares were tendered in Bain Capital and Cinven’s offer by the Thursday deadline, Bad Vilbel, Germany-based Stada said in a ...

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• 27 June

  US threatens Syria, says Assad planning ‘gas attack’

  

  WASHINGTON / Reuters The White House warned Syrian President Bashar Al Assad that he and his military would ‘pay a heavy price’ if it conducted a chemical weapons attack and said the United States had reason to believe such preparations were underway. The White House said in a statement the preparations by Syria were similar to those undertaken before an ...

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• 27 June

  Bahrain charges Qatar with ‘military escalation’

  Bloomberg Bahrain accused Qatar of a ‘military escalation’ of the crisis that has embroiled the Gulf region for the past three weeks, and warned there would be consequences. While he didn’t identify Turkey by name, Foreign Minister Khalid Bin Ahmed Al Khalifa was apparently referring to the Turkish government’s decision earlier this month to accelerate legislation on the planned deployment ...

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• 27 June

  Abe party rival says Japan shouldn’t rush to change constitution

  Bloomberg Prime Minister Shinzo Abe shouldn’t rush to change Japan’s 70-year-old constitution, a former defense minister and rival for the ruling party’s leadership said in an interview. Shigeru Ishiba, 60, a member of the Liberal Democratic Party who has emerged as a critic of Abe, said he was concerned that the premier was being hasty in asking his party to ...

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• 27 June

  India must reduce obstacles to US exports: Trump

  

  Bloomberg US President Donald Trump warned Indian Prime Minister Narendra Modi his country must do more to reduce obstacles to U.S. exports even as he offered thanks for recent purchases of American-made equipment. Trump said at a joint public appearance with Modi after the leaders met at the White House that their two countries must have “a trading relationship that ...

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